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2008 Session

Budget Bill - HB29 (Chapter 847)

Item 3-5.02

Item 3-5.02 (Not set out)

§ 3-5.02 QUALIFIED EQUITY AND SUBORDINATED DEBT INVESTMENT TAX CREDIT


Notwithstanding any other provision of law, for taxable years beginning on and after January 1, 2006, the amount of the Qualified Equity and Subordinated Debt Investments Tax Credit available under § 58.1-339.4, Code of Virginia, shall be limited to $3,000,000 for calendar years 2006 and thereafter.